Taiwanese manufacturer buys Power Innovations of American Fork

A Taiwanese manufacturer of optoelectronic components has agreed to buy Power Innovations International Inc. in American Fork. Lite-On Technology will buy Power Innovations in an all-cash deal. Other terms weren’t disclosed. Power Innovations was established in 1997. The company develops power quality and management products. The company says its business has been growing at a 40 percent rate in recent years. It will remain in American Fork. Customers include commercial, military, government, oi...

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